| New signals service! | |
|
|||||||
| Register in Forex TSD! | |
|
Trading Systems Leaders in this forum (automated trading systems) are winning more than 3000 pips in a month (30000$ investing one lot every time). Click here to register and get more information |
|
![]() |
|
|
LinkBack (16) | Thread Tools | Display Modes |
|
|||
|
Create a better Wolf Wave Indicator
Create a better Wolf Wave indicator
Here are 3 types of WW indicators that I have used: A) Wolf 1) The first is the Wolf indicator. This indicator setting(12,8,3) detects WWs well. I has a problem with conforming to the rule that Wave 4 must revisit the wave 1 wave 2 range. It sometimes creates a wave 4 that is outside of the 1-2 wave range. 2) Also sometimes wave 5 appears to be the EPA. 3) The color of the numbers also determine a bullish(red) or bearish(yellow) WW. Sometime the colors get mixed up. 4) It would also be great if the upper-left hand corner info was fixed. B) WolfWave_Nen 1) The second is the same indicator patched by Nen and again by Maumax (Setting 12,8,3) . I like this indicator because it draws a preliminary line from 1 wave-3 wave (bullish or bearish) which alerts you to the formation of a WW. 2) The problem is the same as Wolf it breaks the wave 4 rule. 3) also sometimes wave 5 falls shorts of achieving the sweet spot that is when wave 5 overshoots the 1-3 line for the position entry point to EPA, which is not a WW C)0_WolfWave_04m 1)I like this indicator the best because it draws the full WW lines(Setting:12)It draws 1-3 and 2-4 creating the ETA, 1-4 and the 3-5 overshoot sweet spot entry point. 2) also this one a attempt to predict the move to wave 5 from wave 4( it basically prints an incomplete WW). 3)It has an option to print more than one or the last WW on a chart. It also prints the fibo retracements like in harmonic trading 4)The problem with this one is the same as the 2nd indicator(B3) 5) I cannot open it in metaeditor. I have included a pic of what a well built WW indicator should include. |
|
|||
|
Quote:
its hard to make good pattern recognition software |
|
|||
|
eur\jpy
![]()
__________________
FREE Harmonic Trading Offers unexperienced traders enter the markets focused on how much money they stand to make Professional traders do the exact opposite, they focus on how much money they stand to lose |
|
|||
|
Barry Stander has a new Wolfe Wave indicator too
http://www.4africa.net/4meta/Indicators/ |
![]() |
| Bookmarks |
| Tags |
| wolfe waves |
| Thread Tools | |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Wolfe Waves | traderixx | Harmonic trading | 21 | 06-25-2007 10:57 PM |
| Elliot Waves | erdenmensch | Indicators - Metatrader 4 | 2 | 04-08-2007 05:44 PM |
| Wolfe Wave Indicator | samiam | Indicators - Metatrader 4 | 34 | 11-20-2006 11:01 PM |
| Modify Wolfe wave | lava | Indicators - Metatrader 4 | 0 | 10-14-2006 08:23 AM |